Among the recent market shocks, Bitcoin (BTC) showed strength, remaining near the key barrier of 100,000 USD during its declines. While the flagship cryptocurrency is temporarily expected to continue the horizontal trajectory, some analysts forecast that the next BTC leg may start when it regains the recently lost key level.

Bitcoin variability lower than Q1 2024

The pump after the election caused the cryptographic market to jump to recent ups, and Bitcoin has climbed. Two months ago, the flagship cryptocurrency exceeded the 100,000 USD barrier for the first time, reaching USD 108,000 in mid -December.

However, since then the market has recorded several significant shocks, which stopped the mood of investors. After the summit in December, the flagship Krypto registered 14% Retrace, sending its price to a lower zone from 90,000–108,000 USD after the election.

At the beginning of January, BTC noted a similar withdrawal after recovering $ 100,000, falling almost 13% before reflection. In the middle of the month, Bitcoin withdrew for another 10% after reaching the latest highest level of all time (ATH) in the amount of USD 109,588, but in the following days he had USD 100,000.

However, in the latest BTC correction, 14% dropped from the top 106,000 USD and almost 10% in 24 hours, which triggers the largest one -day liquidation of cryptocurrencies. Despite these retracks, Bitcoin bounced off local falls and is still moving in the middle zone after the election.

Market observer Daan Crypto Trades excellent BTC variability has been “relatively low” over the past few weeks, especially compared to the beginning of 2024.

The cryptocurrency recorded more violent fluctuations when Bitcoin passed the 70,000 USD region in March, retreating to 20% during these corrections. Since then, the variability “slowly decreased”, while the price of Bitcoin “full higher in this cycle.”

Bitfinex analysts have previously noticed “unique” cycle conditions that led to a decreasing trend. According to the report, recognition of the mainstream, institutional adoption and growing trust in the sector maintained the BTC correction smaller than previous cycles, will probably be continued by the rest of the bull.

Will there be a start soon?

Because the price of BTC still moves to the side in its range, the flagship crypto looks “much stronger” than most market, “still looks great during enlargement.” Daan in addition that “the demand for BTC is much higher compared to the rest of the market, especially in times of uncertainty.”

However, cryptographic analyst Miles Deutscher Highlighted This interest in searching BTC “is still far below 2021 levels, even though he sits slightly below $ 100,000”. This suggests that the institutions drive Bitcoin Bull Run, while “no longer depends on the retail mania to pump BTC prices.”

Meanwhile, the cryptographic analyst Jelle It was found The fact that Bitcoin takes place like Q1 2024, mentioning the “uncertain” period, liquidity, and the average mobility of convergence (MacD) again lost as “flashing” signals.

This performance was preceded by a flagship cryptographic breakthrough to his ATH from March 2024, and if the story repeats, it can soon signal the start of prices. Nevertheless Jelle in addition This $ 100,000 remains the level of breaking and maintaining before any high price movement.

A distinguished painting with unmplash.com, chart from tradingview.com